Financial Snapshot

Revenue
$442.0K
TTM
Gross Margin
67.27%
TTM
Net Earnings
-$1.142M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
0.77%
Q3 2024
Total Assets
Total Liabilities
Q3 2024
Book Value
Cash
Q3 2024
P/E
-0.6120
Nov 27, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $461.0K $356.0K $353.0K $389.0K $438.0K $307.0K $498.5K $325.5K $681.1K $945.8K
YoY Change 29.49% 0.85% -9.25% -11.19% 42.67% -38.41% 53.12% -52.2% -27.99%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $461.0K $356.0K $353.0K $389.0K $438.0K $307.0K $498.5K $325.5K $681.1K $945.8K
Cost Of Revenue $173.0K $211.0K $199.0K $222.0K $210.0K $230.0K $247.4K $260.6K $323.0K $329.7K
Gross Profit $288.0K $145.0K $154.0K $167.0K $228.0K $77.00K $251.1K $64.93K $358.1K $616.1K
Gross Profit Margin 62.47% 40.73% 43.63% 42.93% 52.05% 25.08% 50.37% 19.95% 52.58% 65.14%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $796.0K $883.0K $728.0K $861.0K $630.0K $605.0K $588.9K $756.0K $727.5K $925.7K
YoY Change -9.85% 21.29% -15.45% 36.67% 4.13% 2.73% -22.1% 3.91% -21.41%
% of Gross Profit 276.39% 608.97% 472.73% 515.57% 276.32% 785.71% 234.57% 1164.27% 203.15% 150.25%
Research & Development $0.00 $19.00K $30.00K $92.99K $68.79K $98.41K
YoY Change -100.0% -36.67% -67.74% 35.18% -30.1%
% of Gross Profit 0.0% 24.68% 11.95% 143.22% 19.21% 15.97%
Depreciation & Amortization $16.04K $64.34K $64.58K $48.54K $0.00 $0.00 $20.00K $30.00K $50.00K $40.00K $110.0K $30.00K
YoY Change -75.07% -0.37% 33.04% -100.0% -33.33% -40.0% 25.0% -63.64% 266.67%
% of Gross Profit 6.39% 99.09% 18.03% 7.88%
Operating Expenses $969.0K $883.0K $728.0K $861.0K $630.0K $624.0K $618.9K $849.0K $796.3K $1.024M
YoY Change 9.74% 21.29% -15.45% 36.67% 0.96% 0.82% -27.1% 6.62% -22.25%
Operating Profit -$508.0K -$738.0K -$574.0K -$694.0K -$402.0K -$547.0K -$367.9K -$784.0K -$438.2K -$408.0K
YoY Change -31.17% 28.57% -17.29% 72.64% -26.51% 48.7% -53.08% 78.93% 7.4%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$550.0K $496.0K $447.0K -$397.0K -$341.0K $302.3K $253.4K -$950.5K -$859.9K -$499.5K
YoY Change -210.89% 10.96% -212.59% 16.42% -212.79% 19.33% -126.66% 10.53% 72.16%
% of Operating Profit
Other Income/Expense, Net -$550.0K $350.0K $68.00K -$397.0K
YoY Change -257.14% 414.71% -117.13%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$1.058M -$1.234M -$506.0K -$1.091M -$576.0K -$849.0K -$18.21K -$1.370M -$1.298M -$907.5K
YoY Change -14.26% 143.87% -53.62% 89.41% -32.16% 4562.27% -98.67% 5.53% 43.04%
Income Tax $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.058M -$1.234M -$506.0K -$1.091M -$576.0K -$849.0K -$18.21K -$1.370M -$1.298M -$907.5K
YoY Change -14.26% 143.87% -53.62% 89.41% -32.16% 4562.27% -98.67% 5.53% 43.04%
Net Earnings / Revenue -229.5% -346.63% -143.34% -280.46% -131.51% -276.55% -3.65% -420.78% -190.59% -95.95%
Basic Earnings Per Share -$0.03 -$0.03 -$0.01
Diluted Earnings Per Share -$0.03 -$0.03 -$12.65K -$27.41K -$14.53K -$21.47K -$460.60 -$34.65K -$38.47K -$55.50K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $118.0K $61.00K $66.00K $238.0K $228.0K $91.00K $139.1K $46.69K $60.95K $52.76K $20.00K $80.00K $60.00K $20.00K $30.00K $50.00K $340.0K $790.0K
YoY Change 93.44% -7.58% -72.27% 4.39% 150.55% -34.57% 197.9% -23.4% 15.52% 163.8% -75.0% 33.33% 200.0% -33.33% -40.0% -85.29% -56.96%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $6.000K $6.000K $6.000K $5.000K $6.000K $5.000K $5.330K $1.990K $1.900K $18.23K $20.00K $30.00K $500.0K $20.00K $30.00K $20.00K $0.00 $30.00K
YoY Change 0.0% 0.0% 20.0% -16.67% 20.0% -6.19% 167.84% 4.74% -89.58% -8.85% -33.33% -94.0% 2400.0% -33.33% 50.0% -100.0%
Inventory $0.00 $14.46K $10.00K $0.00 $0.00 $10.00K $0.00 $10.00K $30.00K $30.00K
Prepaid Expenses
Receivables $8.000K $7.000K $7.000K $8.000K $10.00K $9.000K $7.070K $8.140K $9.310K $38.75K $70.00K $290.0K $10.00K $30.00K $80.00K $30.00K $40.00K $10.00K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $10.00K $0.00 $80.00K
Total Short-Term Assets $132.0K $74.00K $79.00K $251.0K $244.0K $105.0K $151.5K $56.82K $72.16K $124.2K $120.0K $400.0K $580.0K $80.00K $150.0K $120.0K $400.0K $930.0K
YoY Change 78.38% -6.33% -68.53% 2.87% 132.38% -30.69% 166.61% -21.26% -41.9% 3.51% -70.0% -31.03% 625.0% -46.67% 25.0% -70.0% -56.99%
Property, Plant & Equipment $0.00 $170.00 $580.00 $0.00 $0.00 $0.00 $20.00K $50.00K $90.00K $80.00K $90.00K
YoY Change -100.0% -70.69% -100.0% -60.0% -44.44% 12.5% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $63.03K $50.00K $500.0K $0.00 $40.00K $40.00K
YoY Change -100.0% 26.06% -90.0% -100.0% 0.0%
Total Long-Term Assets $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $16.04K $80.38K $208.0K $50.00K $500.0K $0.00 $10.00K $40.00K $130.0K $130.0K $190.0K
YoY Change -100.0% -80.04% -61.35% 315.96% -90.0% -100.0% -75.0% -69.23% 0.0% -31.58%
Total Assets $132.0K $74.00K $79.00K $251.0K $244.0K $105.0K $151.5K $72.86K $152.5K $332.2K $170.0K $900.0K $580.0K $90.00K $190.0K $250.0K $530.0K $1.120M
YoY Change
Accounts Payable $377.0K $408.0K $373.0K $787.0K $785.0K $817.0K $767.3K $744.1K $720.3K $726.6K $620.0K $580.0K $630.0K $790.0K $520.0K $190.0K $130.0K $60.00K
YoY Change -7.6% 9.38% -52.6% 0.25% -3.92% 6.48% 3.12% 3.3% -0.87% 17.19% 6.9% -7.94% -20.25% 51.92% 173.68% 46.15% 116.67%
Accrued Expenses $60.00K $60.00K $59.00K $71.00K $70.00K $63.00K $63.51K $72.10K $314.1K $476.2K $640.0K $820.0K $650.0K $560.0K $310.0K $350.0K $210.0K $410.0K
YoY Change 0.0% 1.69% -16.9% 1.43% 11.11% -0.8% -11.91% -77.04% -34.05% -25.59% -21.95% 26.15% 16.07% 80.65% -11.43% 66.67% -48.78%
Deferred Revenue
YoY Change
Short-Term Debt $8.996M $7.892M $6.903M $5.953M $4.992M $4.301M $3.597M $2.869M $2.033M $3.563M $3.140M $3.310M $3.120M $2.240M $1.940M $20.00K $0.00 $0.00
YoY Change 13.99% 14.33% 15.96% 19.25% 16.07% 19.58% 25.36% 41.16% -42.95% 13.46% -5.14% 6.09% 39.29% 15.46% 9600.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.462M $8.389M $7.360M $6.908M $5.938M $5.249M $4.458M $4.486M $3.231M $5.284M $4.760M $5.810M $4.870M $3.660M $2.770M $560.0K $340.0K $460.0K
YoY Change 12.79% 13.98% 6.54% 16.34% 13.13% 17.75% -0.63% 38.85% -38.85% 11.0% -18.07% 19.3% 33.06% 32.13% 394.64% 64.71% -26.09%
Long-Term Debt $0.00 $0.00 $0.00 $118.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $890.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $398.0K $355.0K $155.0K $155.0K $155.0K $155.0K $155.0K $155.0K $155.0K $155.0K
YoY Change 12.11% 129.03% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total Long-Term Liabilities $398.0K $355.0K $155.0K $273.0K $155.0K $155.0K $155.0K $155.0K $155.0K $155.0K $0.00 $0.00 $0.00 $0.00 $0.00 $890.0K $0.00 $0.00
YoY Change 12.11% 129.03% -43.22% 76.13% 0.0% 0.0% 0.0% 0.0% 0.0% -100.0%
Total Liabilities $9.860M $8.744M $7.515M $7.181M $6.093M $5.404M $4.613M $4.641M $3.386M $5.439M $4.760M $5.810M $4.870M $3.660M $2.770M $1.450M $340.0K $460.0K
YoY Change 12.76% 16.35% 4.65% 17.86% 12.75% 17.16% -0.61% 37.07% -37.75% 14.26% -18.07% 19.3% 33.06% 32.13% 91.03% 326.47% -26.09%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 39.98M shares 39.99M shares 39.99M shares
Diluted Shares Outstanding 39.98M shares 39.99M shares 39.99M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $698.91 Thousand

About VERITEC INC

Veritec, Inc. engages in the development, sales, and licensing of products. The company is headquartered in Saint Paul, Minnesota. The Company, as a Cardholder Independent Sales Organization, is able to promote and sell Visa-branded card programs. The Company, as a third-party servicer, provides back-end cardholder transaction processing services for Visa-branded card programs on behalf of its sponsoring bank. The firm manages all facets of The Matthews Group’s Barcode Technology operations. Its products include Mobile Toggle Card (MTC) Debit Card - Visa Prepaid Card Programs, blinx ON-OFF Debit Card - Visa Prepaid Card Programs, custom branded debit card programs, and blinxPay Mobile Wallet App. With an MTC card, the cardholders are empowered to combat unpermitted and fraudulent use of their debit cards by toggling their cards on and off with their mobile phones. The firm's blinxPay is a secure payment processing system and mobile app.

Industry: Services-Management Services Peers: Apple Inc. My City Builders, Inc. Dror Ortho-Design, Inc. PUGET TECHNOLOGIES, INC. SOCKET MOBILE, INC. VIDEO DISPLAY CORP